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TMI BlogTariff Notification No. 12/2016 dated 01-03-2016X X X X Extracts X X X X X X X X Extracts X X X X ..... Tariff Notification No. 12/2016 dated 01-03-2016 X X X X Extracts X X X X X X X X Extracts X X X X ..... 235A. Please suggest from 01-03-2016 rate of duty for "8413.91.20 - Submersible Spares" is 6% or 12.50% Note: We have cleared "8413.91.20 - Submersible Spares" upto 29-02-2016 at 12.50% rate of duty. Best Regard, Chirag Jain Reply By Mukund Thakkar: The Reply: Chapter 84 : 1) Basic Excise Duty on 5 specified parts required for the manufacture of centrifugal pump is bein ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g reduced from 12.5% to 6%, subject to actual user condition. Notification No. 12/2012-Central Excise, dated 17th March, 2012 as amended by Notification No. 12/2016-Central Excise dated 1st March, 2016 [New S. No. 235A] refers. 2) Accessories of goods falling under tariff item 8426 41 00, heading 8427, 8429 and sub-heading 8430 10 are being included for the purposes of RSP based assessment of ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cise duty. S. No. 109 of Notification No.49/2008-Central Excise (N.T.), dated 24th December, 2008 as amended vide notification No. 12/2016-Central Excise (N.T.), dated 1st March, 2016 and Clause 142 (i) of the Finance Bill, 2016 refer. The Third Schedule to the Central Excise Act, 1944 is also being amended so as to include therein these accessories. By virtue of declaration under the Provisional ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Collection of Taxes Act, 1931, this change will come into force with immediate effect. If you are manufacturer of centrifugal pumps parts. Excise duty is applicable of 6%. as per your query you are manufacurer of submersible spare. please check technicality between centrifugal pump and submersible pump. Reply By Mukund Thakkar: The Reply: 235A 8413 91 or 8501 31 19 The following goods for us ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e in manufacture of centrifugal pumps falling under tariff item 8413 70 10, namely:- (i) Shafts (ii) Sleeve (iii) Chamber (iv) Impeller (v) Washer (vi) Electric motor 6% Reply By Mukund Thakkar: The Reply: if you are manufacturer of (i) Shafts (ii) Sleeve (iii) Chamber (iv) Impeller (v) Washer (vi) Electric motor than your rate of duty will be 6%. not on for submeriseb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le pump.. Reply By Chirag Jain: The Reply: Respected Sir, Thanks for your prompt reply...... please explain colounm No. 6 (Condition 2) as per Notification No. 12/2016 Central Excise dated 1st March, 2016 [New S. No. 235A]. Regards Chirag Jain Reply By Mahir S: The Reply: Condition 2 is not applicable to you,, so just ignore it.. Reply By Kirti Kothari: The Reply: Hi Sir, We are manufa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cturing centrifugal pumps for food industries, last year as per the notification 12/2014 we have collected central excise @ 6% on the sales during last year.
we request you to inform what is the existing tariff for the same and what duty has to be collected on centrifugal pumps this 2016.
best regards
Kirti Jain X X X X Extracts X X X X X X X X Extracts X X X X
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